T HE C ORNER
C HAR IT ABLE I N C ORPORA T ED ORGAN IS A TI ON ANNUAL CC A OUN TS
For the year ended 31 O cto b er 2024
Receipts and Payments Account for the year ended 31 October 2024
| Unrestricted funds £ Receipts Bank interest 134 Fundraising - Grants - Other receipts - Total receipts 134 Payments Overheads 166 Renovaton - Donatons - Total payments 166 Net receipts/(payments) (32) Receipts and Payments Account for the year ended 31 October 2023 Unrestricted funds £ Receipts Bank interest 99 Fundraising 150 Grants - Other receipts - Total receipts 249 Payments Overheads 86 Renovaton - Donatons - Total payments 86 |
Restricted funds £ - - - - - 960 1,939 - 2,899 (2,899) Restricted funds £ - - 7,604 - 7,604 - 2,604 - 2,604 |
2024 total £ 134 - - - |
|---|---|---|
| 134 | ||
| 1,126 1,939 - |
||
| 3,065 | ||
| (2,931) | ||
| 2023 total £ 99 150 7,604 - |
||
| 7,853 | ||
| 86 2,604 - |
||
| 2,690 |
Net receipts/(payments) 163 5,000 5,163
Statement of Assets and Liabilities as at 31 October 2024
| Assets Cash at bank and in hand Total assets |
Unrestricted funds £ 334 334 |
Restricted funds £ 11,151 11,151 |
2024 total £ 11,484 |
|---|---|---|---|
| 11,484 |
The Corner has no liabilities as at 31 October 2024.
Statement of Assets and Liabilities as at 31 October 2023
| Assets Cash at bank and in hand Total assets |
Unrestricted funds £ 366 366 |
Restricted funds £ 14,050 14,050 |
2023 total £ 14,416 |
|---|---|---|---|
| 14,416 |
The Corner has no liabilities as at 31 October 2023.
The Corner registered with the Charity Commission becoming a charitable incorporated organisation on 1 September 2022 (charity no. 1200238). The financial statements have been prepared on the receipts and accruals basis as per section 133 of the Charities Act 2011 applicable to charities with income of no more than £250,000.
The financial statements have been approved by the Board of Trustees and signed on their behalf by:
Robert Brotherton Treasurer
Notes to the Accounts
1 Restricted funds
During the year to 31 October 2021, The Corner received approval for two grants. Firstly, from Cardiff Council Community Regeneration Fund, in order to renovate the community space. Secondly, from the National Lottery Community Fund, to refurbish the community space following the renovation works.
During the year to 31 October 2023, The Corner received approval for a new grant from the Cardiff YMCA 1910 Trust.
The receipts, payments and balances relating to these funds are presented separately to the other funds in the financial statements. A summary of these grants as at 31 October 2024 is detailed in the table below.
| Grant Cardif Council Natonal Lotery for Wales Cardif YMCA 1910 |
Funds approved 15,000 9,050 5,000 29,050 |
Funds received 11,215 9,050 5,000 25,265 |
Funds utlised (11,215) - (2,899) (14,114) |
Balance at 31 Oct 2024 - 9,050 2,101 |
|---|---|---|---|---|
| 11,151 |